Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014
This paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014. We argue that the slowdown is overwhelmingly the result of a sharp decline in domestic demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in...
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Universidade Federal de Minas Gerais
2016-12-01
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Online Access: | http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549 |
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doaj-5d0805e24cc346e39c5933b2d873ebc22020-11-24T23:46:34ZengUniversidade Federal de Minas GeraisNova Economia0103-63512016-12-0125Esp1541Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014Franklin Serrano0Ricardo Summa1Instituto de Economia da Universidade Federal do Rio de JaneiroInstituto de Economia da Universidade Federal do Rio de JaneiroThis paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014. We argue that the slowdown is overwhelmingly the result of a sharp decline in domestic demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in domestic demand, in turn, is shown to be a result of deliberate policy decisions made by the government and was not necessary, i.e., it was not made in response to some external constraint such as a balance-of-payments problem.http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549Brasilcrescimento liderado pela demandapolíticas macroeconômicas. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Franklin Serrano Ricardo Summa |
spellingShingle |
Franklin Serrano Ricardo Summa Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 Nova Economia Brasil crescimento liderado pela demanda políticas macroeconômicas. |
author_facet |
Franklin Serrano Ricardo Summa |
author_sort |
Franklin Serrano |
title |
Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 |
title_short |
Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 |
title_full |
Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 |
title_fullStr |
Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 |
title_full_unstemmed |
Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014 |
title_sort |
aggregate demand and the slowdown of brazilian economic growth in 2011-2014 |
publisher |
Universidade Federal de Minas Gerais |
series |
Nova Economia |
issn |
0103-6351 |
publishDate |
2016-12-01 |
description |
This paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014. We argue that the slowdown is overwhelmingly the result of a sharp decline in domestic demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in domestic demand, in turn, is shown to be a result of deliberate policy decisions made by the government and was not necessary, i.e., it was not made in response to some external constraint such as a balance-of-payments problem. |
topic |
Brasil crescimento liderado pela demanda políticas macroeconômicas. |
url |
http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549 |
work_keys_str_mv |
AT franklinserrano aggregatedemandandtheslowdownofbrazilianeconomicgrowthin20112014 AT ricardosumma aggregatedemandandtheslowdownofbrazilianeconomicgrowthin20112014 |
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1725493179578318848 |